Ala Elderly Housing Inc

Analysis

Ala Elderly Housing Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ala Elderly Housing Inc reported income of $675k and spending of $606k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $602k to $675k (+12%), an average of +2.9% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ala Elderly Housing Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Deer Tribe Metis-Medicine Society ($675k), Living Truth Inc ($675k) and YWCA of Genesee County Inc ($675k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $94k. At year end it held assets of $887k against liabilities of $705k, net assets of $182k.